Options Insight: Is Goldman the Bank of Opportunities?

The video discusses recent trends in bond yields and the VIX, highlighting a significant decline in the VIX over the past 10 days. It explores the implications of these trends on the market environment, particularly focusing on the S&P 500 and the banking sector. The video also analyzes Goldman Sachs' performance and suggests investment strategies, including a call spread. The overall outlook for the financial sector is considered, with a focus on potential earnings drops and market underperformance.

How does the volatility backdrop affect expectations for the financial sector?

What is the predicted combined earnings drop for the largest six banks, and what does this suggest about their performance?